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Highest Mortgage Rates in More Than 3 Weeks

Mortgage rates moved decisively higher this week as the underlying bond market finally began shifting gears.  After the Fed meeting in June, rates moved to the lowest…

Mortgage Rates Mixed Follow Fed Chair Testimony

Mortgage rates were mixed today following the much-anticipated congressional testimony by Fed Chair Jerome Powell.  Although these testimonies are regularly scheduled events (twice a year), they can…

Mortgage Rates Higher Ahead of Powell Testimony

Mortgage rates rose today, largely in response to weakness in the bond market seen yesterday afternoon (and confirmed this morning).  Mortgage rates follow the bond market, but…

Mortgage Rates Under Some Pressure

Mortgage rates began the day in slightly lower territory compared to last Friday afternoon, but they’d risen noticeably from Wednesday to Friday.  The recovery seen this morning…

Mortgage Rates Bounce Higher After Jobs Report

Mortgage rates moved higher today following higher-than-expected job creation in a report from the Labor Department.  The Employment Situation (aka “the jobs report”) is the most important…

Mortgage Rates Slightly Higher to Begin Risky Week

Mortgage rates were slightly higher to start the new week, which is a pretty good outcome considering the underlying events.  On Friday, we anticipated a pick-up…

Rates Face Big Volatility Risk Next Week

Mortgage rates enjoyed a pleasantly flat week despite some volatility in the underlying bond market.  The day-to-day changes in Treasuries and Mortgage-Backed-Securities (MBS) were noticeable, but…